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A "new" simple system based on MA

  • #1,261
  • Feb 14, 2014 7:18pm Feb 14, 2014 7:18pm
Hi Hmaoui,
Awesome trade! Many many pips.I have a question: how many screens do you use to evaluate the currency pairs? I am limited now with 2 screens and am constantly bouncing around to different charts, and many times I miss things. Do you recommend a new trader to stick with just one or two pairs to follow closely or is there a different way to follow many? I am speaking in terms of day trading,1,5,15 minutes charts. Thanks
  • #1,262
  • Feb 18, 2014 11:01am Feb 18, 2014 11:01am
Can any one post the indicators
stay cool when trade begins
  • #1,263
  • Feb 19, 2014 1:09pm Feb 19, 2014 1:09pm
Quoting wracinti
Hi Hmaoui, Awesome trade! Many many pips.I have a question: how many screens do you use to evaluate the currency pairs? I am limited now with 2 screens and am constantly bouncing around to different charts, and many times I miss things. Do you recommend a new trader to stick with just one or two pairs to follow closely or is there a different way to follow many? I am speaking in terms of day trading,1,5,15 minutes charts. Thanks
Good question ! I advise all new traders to focus on 2 or 3 pairs at maximum ! Especially if you trade on short term Time Frame as almost all followers. To look at 3 pairs is not very easy if you have only one screen of course but it is not impossible. If you feel more confortable with a screen per one pair, then you can also select the pair you will trade and then focus on it ! If there is a clear trend, the setup will come and you will make your pips. Not necessary to monitor many pairs to do your job.

With time you will be able to buy screens thanks to your pips done, and you can trade more than one pair ! That is simple. I began to trade this system on GBP/JPY because I think there is good volatility to get more pips. Then I started to focus on other pairs such as cable, EUR/JPY, EUR/USD, and now I also trade Gold (almost on higher TF).
  • #1,264
  • Feb 19, 2014 1:12pm Feb 19, 2014 1:12pm
Quoting rajkumar3192
Can any one post the indicators
Sorry there isnt any indicators for the following reasons :

- I prefer discretionnary trading
- I am not able to program anything
- I dont use MT4

But feel free to ask for programmers. Nevertheless I advise you to make an indicator only to give you alerts of possible entry, but I am not confident with robots fully automated. As you like and at your own risks.

Is there anyone who can help to make indicators ?
  • #1,265
  • Feb 19, 2014 2:09pm Feb 19, 2014 2:09pm
Quoting hmaoui
{quote} Just to follow the trade...I exited 1/2 of my position at 169, and then 1/4 at 170. So now I have 1/8 of my initial position which is still running with a SL put at 169. So I made 160 pips on the first half, 260 pips on a quarter, and I am sure to make at least 160 pips more on 1/8. This is just to show you how you can follow a trade on LT charts. As I said in my first post, this system is really valuable on any TF so you can make money even if you have a regular job ! And that's why I have many students in my classroom who trade this way...
I exited 1/8 at 171 because of a lower low and a recent lower high. It means 340 pips more on 1/8. The total amount of pips is as follow :

(160x0,5x Initial lots size) + (260x0,25X Initial lots size) + (340x0,125x Initial lots size) = 187,50 x Initial lots size.

My last 1/8 will be hold until the RSI close under the 50 level or price close under 170. We'll see. Anyway I won't loss any money...so I want to take the risk to earn a lot :-)
  • #1,266
  • Feb 19, 2014 7:29pm Feb 19, 2014 7:29pm
Thanks Hmaoui for your answer. I kinda thought so. I was following 4 to 5 pairs, multiple time frames, on two screens and was exhausted by the end of the trading session. Too much jumping around trying to switch my brain. Last few days I followed just the GPB/USD and could see and anticipate the entry. Much easier. This helps all followers on the forum, if you are new, 1 to 2 pairs max to start.
  • #1,267
  • Feb 20, 2014 2:22am Feb 20, 2014 2:22am
Quoting wracinti
Thanks Hmaoui for your answer. I kinda thought so. I was following 4 to 5 pairs, multiple time frames, on two screens and was exhausted by the end of the trading session. Too much jumping around trying to switch my brain. Last few days I followed just the GPB/USD and could see and anticipate the entry. Much easier. This helps all followers on the forum, if you are new, 1 to 2 pairs max to start.
Yes, i think so too. I started trading with 6-7 pairs, but now i choosed just 2, much more better and easier!

Sorry, now i have many works, so i can't trading and posting enought, but i follow the thread closely!

And it's good to trading together with other peoples. I started to organize a non profit forex club in my local city, where peoples can practice the trading. We'll see, how many peoples interest this option in my region
  • #1,268
  • Feb 20, 2014 10:37pm Feb 20, 2014 10:37pm
I have also had problems when trying to monitor too many pairs , information overload resulting in no trades but lots of missed opportunities.
From now im going to check the higher TFs to find a pair with good potential and just focus on that one.

Another issue i have is pivot points , i calculate the PPs for the 15min and 5min TFs using the H-L-C from the previous daily candle (London close) , i have the same PPs on both TFs , im not sure if that is the right way to do it as i have seen some websites who use different method and they show different PPs for each TF .
  • #1,269
  • Feb 21, 2014 3:27am Feb 21, 2014 3:27am
After a long time of absence (blew my account with 50K Euro...someone is enjoying my money :-) ), I am back using HMAOUI's system. Il est magnifique. It has the following virtues:

Low risk (3-7 pips)
Good reward (5-20 pips)
Price action based ( price is the only indicator with no lag!!)
MTF (multi time frame) based approach ensures compliance with big money

This morning took 3 trades (+10 -3 +7).
My charts for the 1min TF uses the guppy indicators, for the long term I use my own. Very often I use the SonicR charts for 15 min or 1 hour.

LT Chart

The long term (H1) chart gives me the current overall situation using SMA5 and SMA34. Why theses numbers? I am interested in the last 1.5 days and what happened in the last hours. Please note that pivots are also VERY important to determine where we are at. We started the day below the PP and hit the PP just after 7am GMT. So we now know that the chance of the market hitting S1 is about 52% versus 34% reaching R1. These stats refer to the situation at that point in time.
I actually entered during the wick of the down movement of the candle.


Medium Timeframe
I started trading during the candle with the red arrow...

Short time frame

I forgot the turn on the trade display and am in a hurry. First entry was risky but candle formation and on the hour indicated give me a god RR.
Trade times were 7:04 (Winner), 7:54 (Looser), 8:07(Winner)

Hope all this makes sense. As I am not using MT4, I can not make the charts match exactly but thought of making my little contribution to this thread. Thanks again Mr HMAOUI and enjoy Paris!

Best Regards

Larry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HMAOUI_LT.png Size: 25 KB
Click to Enlarge Name: HMAOUI_MT.png Size: 20 KB
Click to Enlarge Name: HMAOUI_ST.png Size: 34 KB
  • #1,270
  • Feb 21, 2014 6:42am Feb 21, 2014 6:42am
Quoting rajkumar3192
Can any one post the indicators

look the example here, how you can find all the indicators and attached files in a thread

http://www.forexfactory.com/attachme...6&d=1392973677
  • #1,271
  • Feb 25, 2014 8:44am Feb 25, 2014 8:44am
Quoting Ryano
I have also had problems when trying to monitor too many pairs , information overload resulting in no trades but lots of missed opportunities. From now im going to check the higher TFs to find a pair with good potential and just focus on that one. Another issue i have is pivot points , i calculate the PPs for the 15min and 5min TFs using the H-L-C from the previous daily candle (London close) , i have the same PPs on both TFs , im not sure if that is the right way to do it as i have seen some websites who use different method and they show different...
Hi Ryano ! You are right : you have to use daily pivots to trade on short TF. Weekly pivots can be used by those who trade on higher TF. Dont be afraid of the method of caluclation. Use the classic one.
  • #1,272
  • Feb 25, 2014 8:50am Feb 25, 2014 8:50am
Quoting tgdrela1
After a long time of absence (blew my account with 50K Euro...someone is enjoying my money :-) ), I am back using HMAOUI's system. Il est magnifique. It has the following virtues: Low risk (3-7 pips) Good reward (5-20 pips) Price action based ( price is the only indicator with no lag!!) MTF (multi time frame) based approach ensures compliance with big money This morning took 3 trades (+10 -3 +7). My charts for the 1min TF uses the guppy indicators, for the long term I use my own. Very often I use the SonicR charts for 15 min or 1 hour. LT...
Wow !!! A 50K€ account blew up !!! I hope that you will study a lot my system to master it and then earn money. It is possible if you are disciplined and focused on A+ setups to get your money back. But respect the rules and dont tilt if you earn money. The most difficult thing is to be ok on the psychological side because you werer hurt losing so much money. My system is simple and you can earn a lot of money from it....only if you respect the rules ! Be focused, dont break the rules and start trading it with small size. When you are regular on a monthly basis, then increase the size....and repeat ! Post your charts here, you will improve your trading faster.
  • #1,273
  • Feb 25, 2014 9:12pm Feb 25, 2014 9:12pm
Thanks Hmaoui .
  • #1,274
  • Feb 26, 2014 10:09am Feb 26, 2014 10:09am
Quoting hmaoui
{quote} Wow !!! A 50K€ account blew up !!! I hope that you will study a lot my system to master it and then earn money. It is possible if you are disciplined and focused on A+ setups to get your money back. But respect the rules and dont tilt if you earn money. The most difficult thing is to be ok on the psychological side because you werer hurt losing so much money. My system is simple and you can earn a lot of money from it....only if you respect the rules ! Be focused, dont break the rules and start trading it with small size. When you are regular...
Hi Hmaoui

Thanks for your kind words. You are absolutely right. Fear is not a good friend nor is greed. I have problems waiting around for the A+ setup as I lack the time, patience and discipline. This is something that I have to change but I have set myself a goal of making 20 pips every day with small positions.

Here todays statistics:
Instrument EUR/USD 23 trades, 21 Winners, 2 Loosers, Net result 29 pips. Traded from 7:11 am to 9:02 am GMT.... entered every trade with a SL of 7 pips and TP of 3 pips. Trades were taken based on your indicators mostly in a ranging market. I used the following chart times:
49 tick, 75 tick, 1 pip range bar, 1 Minute

Will post charts now...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_140226_1pip.png Size: 49 KB
Click to Enlarge Name: Chart_EUR_USD_140226_75tick.png Size: 50 KB
Click to Enlarge Name: Chart_EUR_USD_140226.png Size: 51 KB
  • #1,275
  • Feb 26, 2014 9:07pm Feb 26, 2014 9:07pm
Quoting hmaoui
{quote} Sorry there isnt any indicators for the following reasons : - I prefer discretionnary trading - I am not able to program anything - I dont use MT4 But feel free to ask for programmers. Nevertheless I advise you to make an indicator only to give you alerts of possible entry, but I am not confident with robots fully automated. As you like and at your own risks. Is there anyone who can help to make indicators ?
Bonjour Hmaoui

I totally agree with your statement about robots that I have not found a robot that works "always". There are however good tools in form of alerting systems and trade support EA's. I will build a small alert indicator to to show when conditions could be right for trading and then the human trader needs to decide if other conditions are also met (news, time of day, round number, pivots etc).

Once I have something I will post it. As I am traveling internationally during the next couple of weeks I don't know when I get time.

Here are the rules that I see:

2 Timeframes are used to look at "the situation" and can be configured. Let us call it ST_period and LT_Period. Example 1 Minute and 15 Minute.
ST EMAs and LT EMAs must be pointing in one direction.
Stochastic must be heading in the right direction and over/below limit
DMI "la meme chose" - green on top for long or red for short
the trend must have been established for x candles. .....

When I post a chart, I will explain...

Best regards

Larry
  • #1,276
  • Feb 27, 2014 3:52am Feb 27, 2014 3:52am
Good morning again

Today at 7:57:52 am GMT new setup for a very nice trade eventuated.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_140227_1Min.png Size: 40 KB

At 7:56 the 1 Minute chart had a reversal candle pattern but STOC was not clear and I did not know what and where it will go..so I switched to my 49 tick chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_140227_49Tick.png Size: 43 KB

at 7:58:23 I see that on the 49tick chart STOCH is overbought and prices are stabilising.... so now I look at the 1 pip range bar chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_140227_1pip.png Size: 38 KB

The only thing that worried me on the 1 pip was the DMI...but as I am trading micro lots my psychology is more towards taking risks.... and in I go

Whoppa.....two entries with a bit over 20 pips ....10 Minutes.... SL at 7 pips....

I read everything that HMAOUI wrote and am convinced that the following statement is my main goal:

Wait for A+ setups.....

No more trading today....20 pips is the goal. Ouuuff
  • #1,277
  • Feb 27, 2014 6:00am Feb 27, 2014 6:00am
Great trade!! I have never used tick or pip charts. Are you using them to "slow" down the action for an entry. Hmaoui, can you weigh in on this also? Thanks for posting the charts, it helps everyone on this forum grow as a trader.
  • #1,278
  • Feb 27, 2014 1:12pm Feb 27, 2014 1:12pm
Hello Campers,

End of the day report..... 120pips !!!!!! I am quite happy and also disappointed at myself. Why happy....

Borat like 1xx pips; Unhappy because I was trading like a rabbit with large SL and entering and closing to often, too early. Looking at Mr HMAOUI rules, I would have taken may-be seven trades, 2-3 losers, 4 winners.....netto 80-90 pips but with much better clearer safer trading.... sorry for being such a chaotic person.

Here are the stats for the day excluding commissions:

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-02-27 at 19.51.40.png Size: 24 KB


My charts are again in 1MIN, 49 tick and 1 pip.

I am not sure if I was just lucky or have finally found the road to some sort of solution to my crappy trading so far.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_140227_1Min.png Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_140227_49Tick.png Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_140227_1pip.png Size: 49 KB


There was a clear strong move that was obvious in all charts but I really like the pip chart for entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_7 Days_snapshot.png Size: 46 KB


You can see many potential entry but one also see when the market reverses ... .I think.

I will this for a couple more days and then give detailed thoughts on every trade taken.
  • #1,279
  • Feb 27, 2014 1:34pm Feb 27, 2014 1:34pm
Quoting wracinti
Great trade!! I have never used tick or pip charts. Are you using them to "slow" down the action for an entry. Hmaoui, can you weigh in on this also? Thanks for posting the charts, it helps everyone on this forum grow as a trader.
Hello wracinti

Below is my opinion and I really am a poor trader, so please form your conclusion as Mr HMAOUI has a proven track record with financial success and I am very far from that .... like planet Pluto and the sun....but I am heading towards the sun Yeah!

Every chart has its own character. In a dynamic market the 1 Minute chart is far too slow. Four x 1 minute candles are 15x 1 pip candles or 10 x 49 pips candles.

Mr HMAOUI says that in a ranging market the view on the indicators are different to a strong trending market. ... but when does the market trend.... this is where the 1 pip chart comes in. Candles appear only if there is price movement, therefore meaning action time.

I explained this to a friend in the following way:

Imagine you stand on the freeway and 60 cars come by in one hour... some fast some slow.....this is the one minute chart.. time based. I wait for one hour and count cars..

Now I stand on the road and count cars independent of time.... and when I am finished counting sixty cars, I look at my watch. This is the pip chart for me.

So if my goal is to count cars so that I can join the traffic, I wait for peek hour and hitch a ride.

Now to your question: No, not to slow down but to ensure that there is really price velocity in the market. I can "see" it better and to me the 1 pip chart is like a long term timeframe and the tick chart and pip chart is where I take trades.

Hope this helps,

Best regards
Larry
  • #1,280
  • Feb 27, 2014 3:56pm Feb 27, 2014 3:56pm
Thanks Larry,
May I ask what platform you trade on? Reason is my charts are on Prorealtime and I don't see where I can plot a pip chart. I have emailed them for more info. I can do tick charts . Thanks Wayne
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